Grubhub's stock is up 27% after blowing away Wall Street estimates

GrubHub CEO Matt Maloney (C) applauds after ringing the opening bell before the company's IPO on the floor of the New York Stock Exchange in New York April 4, 2014. Shares of GrubHub Inc, the biggest U.S. online food-delivery service, rose as much as 57 percent in its market debut as investors scrambled for a piece of the fast-growing consumer internet company. REUTERS/Lucas Jackson After five rough quarters, Grubhub might finally be on the rise.

The food delivery company's stock is up more than 27% this morning, trading at $39.17 per share.